Asian Currencies Trade Sideways as Dollar Stabilizes, Yen Weakens Ahead of Japan Election 
US-India Trade Bombshell: Tariffs Slashed to 18% — Rupee Soars, Sensex Explodes 
U.S. Stock Futures Edge Lower as Tech and AI Stocks Drag Wall Street Ahead of Key Earnings 
Oil Prices Slip as U.S.–Iran Talks Ease Supply Disruption Fears 
Dollar Steady as Fed Nomination and Japanese Election Shape Currency Markets 
Asian Currencies Strengthen as Indian Rupee and Australian Dollar Rally 
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off 
Oil Prices Climb as Middle East Tensions and U.S. Inventory Data Boost Market Sentiment 
RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist 
Stephen Miran Resigns as White House Economic Adviser Amid Federal Reserve Tenure 
China Services PMI Hits Three-Month High as New Orders and Hiring Improve 
China and Uruguay Strengthen Strategic Partnership Amid Shifting Global Order 
Japan’s Agricultural, Forestry and Fishery Exports Hit Record High in 2025 Despite Tariffs 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
U.S. Stock Futures Edge Higher as Tech Rout Deepens on AI Concerns and Earnings 
Asian stock markets declined as growing concerns over the soaring costs of artificial intelligence investment weighed heavily on the technology sector, while U.S. stock futures attempted a modest recovery led by gains in chipmakers. Investor anxiety around AI capital expenditure and valuations has sparked renewed volatility across global markets.
The tech selloff followed earnings from Google parent Alphabet, which reported solid quarterly results but alarmed markets with a projected $175 billion to $185 billion in capital expenditure for the year—far exceeding analyst expectations. Alphabet shares swung sharply in after-hours trading, dropping more than 6% at one stage before recovering to close just 0.4% lower. The scale of AI spending has heightened fears that returns may not justify the massive investments.
Market sentiment has already been fragile after a recent wave of selling triggered by a new legal tool released by Anthropic’s Claude large language model. Since January 28, roughly $830 billion in market value has been erased as investors rotated out of mega-cap tech stocks and into more cyclical sectors amid worries about job disruption and overstretched AI valuations.
Chip stocks delivered mixed signals. Advanced Micro Devices shares plunged 17% overnight after disappointing earnings, adding pressure to the sector. In contrast, Nvidia rose nearly 2% in after-hours trading, buoyed by expectations that rising AI infrastructure spending will boost demand for its chips. That helped lift Nasdaq futures by 0.6% and S&P 500 futures by 0.4%, despite lingering caution.
Across Asia, MSCI’s broad Asia-Pacific index excluding Japan fell 1%. South Korea’s KOSPI dropped 1.7%, Taiwan lost 0.7%, and Japan’s Nikkei ended flat. Chinese blue chips declined 0.7%, while Hong Kong’s Hang Seng slid 0.8%.
Currency markets saw the Japanese yen weaken for a fourth consecutive session ahead of a general election, trading near 156.93 per dollar. U.S. Treasury yields were steady, while oil prices fell after news that the U.S. and Iran would hold talks in Oman. Gold and silver edged higher after a sharp selloff last week, as investors cautiously returned to precious metals.
